LAURENTIAN BANK CHANGES ITS MORTGAGE RATES

MONTREAL, Aug. 24 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:


TERM RATE              VARIATION    
6 month open:   from         6.70%                 to                6.70%                     0.00%       
6 month close: from 3.95% to 3.95%  0.00%
6 month convertible:               from 5.40% to 5.40%  0.00%
1 year open: from 6.70% to 6.70%  0.00%
1 year close: from 3.30% to 3.30%  0.00%
18 month close: from 3.40% to 3.40%  0.00%
2 year: from 3.55% to 3.55%  0.00%
3 year: from 4.10% to 4.10%  0.00%
4 year: from 5.14% to 5.04% -0.10%
5 year: from 5.49% to 5.39% -0.10%
6 year: from 6.15% to 6.15%  0.00%
7 year: from 6.45% to 6.45%  0.00%
8 year: from 6.55% to 6.55%  0.00%
9 year: from 6.55% to 6.55%  0.00%
10 year: from 6.60% to 6.60%  0.00%

These new mortgage rates will be effective as of August 25, 2010.

SOURCE Laurentian Bank of Canada

For further information: For further information:

Laurentian Bank of Canada
Gladys Caron
Vice President, Public Affairs and Communications
Office: 514 284-4500, extension 7511
Cellular : 514 893-3963
gladys.caron@banquelaurentienne.ca

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Laurentian Bank of Canada

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